The critical condition for taking a wick sauce entry trade is that it must be the first time price is revisiting the range of the wick that provided the initial indication.
This video explains the "Wick Sauce Entry" concept in day trading. The presenter defines a "no trade zone" as an area where the market moves sideways with balanced buyer and seller activity, emphasizing that profitable trades occur when either buyers or sellers are in control. The video then details how to identify and trade "wick sauce entries," which are based on the formation of wicks on candles, signaling potential price reversals or continuations. The strategy involves waiting for price to retest the wick's range and then entering a trade in the direction indicated by the wick, with a focus on the first retest of the wick.
